The IVA subject is quite a large one, and it is constantly evolving.

To be able to write an article on "How does an IVA work" is no small task, as each persons IVA will work differently to every other IVA. This is because an IVA does work specifically with your own unique personal circumstances.

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Posted by Iain Wrenshall at 7:40 PM

Establishing whether or not an IVA is a solution that is available to you as a route out of a serious debt problem will entail some research on your part, to find out what the IVA rules are.

Here at myIVA-Adviser.com, we understand how complicated it can be to find out what actually will qualify a person for an IVA, therefore we have created a list of the IVA rules you will need to pass before you can consider an IVA as a true debt solution for you.

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Posted by Iain Wrenshall at 7:21 PM

When searching for IVA advice, it is essential to make sure you are asking for IVA advice from the right IVA company.

Choosing who you should ask IVA advice from has recently become rather more complicated as there has been an upsurge in the number of IVA companies offering misleading and inaccurate IVA advice, purely with the intent of attracting business

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Posted by Iain Wrenshall at 7:04 PM

To make sure you fully understand the Individual Voluntary Arrangement (IVA) debt solution, it is essential that you are familiar with the IVA disadvantages as well as the IVA advantages.

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Posted by Iain Wrenshall at 12:44 PM

myIVA-Adviser.com has recently upgraded their IVA calculator.

The 'Debt Detective', as we prefer to call it, has been given a voice.

With the new system, you are offered the option of voice assistance to help you fill in the submission form.

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Posted by Iain Wrenshall at 12:27 PM

If you are in an Individual Voluntary Arrangement (IVA) and you still live at home your Individual Voluntary Arrangement (IVA) will be registered on the credit register using that address.

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Posted by Chris Wrenshall at 8:14 PM

The good news is your landlord is not automatically told about your Individual Voluntary Arrangement (IVA).

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Posted by Chris Wrenshall at 3:20 PM

A default notice is a formal letter issued on be half of a creditor to a borrower. A default notice declares that predetermined payments have not been paid and are now in arrears.

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Posted by Chris Wrenshall at 3:31 PM

A County Court Judgment not only can, but must be included in your Individual Voluntary Arrangement (IVA).

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Posted by Chris Wrenshall at 2:56 PM

A "Capital and Repayment" mortgage is a mortgage where the mortgagee makes monthly repayments which include part of the capital borrowed as well as interest due, and cannot be included in an Individual Voluntary Arrangement (IVA).

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Posted by Chris Wrenshall at 8:27 AM

An "Interest Only" mortgage is a mortgage where the mortgagee only repays the interest due on the loan.

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Posted by Chris Wrenshall at 11:13 AM

The affordability of an Individual Voluntary Arrangement (IVA) is crucial to the long term success of the Individual Voluntary Arrangement (IVA).

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Posted by Chris Wrenshall at 11:46 AM

Yes you can change your car in an Individual Voluntary Arrangement (IVA).

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Posted by Chris Wrenshall at 4:59 PM

Unsecured debt is the only type of debt admissible in an Individual Voluntary Arrangement (IVA). So if you are considering an Individual Voluntary Arrangement (IVA) knowing what type of debt you have is important.

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Posted by Chris Wrenshall at 4:11 PM

Secured debt is not admissible in an Individual Voluntary Arrangement (IVA), so knowing what type of debt you have is important.

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Posted by Chris Wrenshall at 1:57 PM

The 'Debt Detective' the powerful online IVA calculator from myIVA-Adviser has just had a face lift.

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Posted by Iain Wrenshall at 9:05 PM

If your application for an Individual Voluntary Arrangement (IVA) does not pass its creditors meetingyou do still have some options.

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Posted by Chris Wrenshall at 10:49 AM

The issue of equity in an Individual Voluntary Arrangement (IVA) is a very important one. The fact that there is a property involved alters the terms on which creditors will accept Individual Voluntary Arrangements (IVAs).

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Posted by Chris Wrenshall at 11:28 AM

It is perfectly acceptable for you to change jobs whilst in an Individual Voluntary Arrangement (IVA)

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Posted by Chris Wrenshall at 1:34 PM

If you have agreed to the terms of an Individual Voluntary Arrangement (IVA), you have agreed to pay your creditors regular amounts at regular periods.

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Posted by Chris Wrenshall at 9:06 PM

The normal duration for an Individual Voluntary Arrangement (IVA) is 5 years but in fact there are no restrictions on the minimum length of an Individual Voluntary Arrangement (IVA). The majority of Individual Voluntary Arrangements (IVAs) are expected to last for 5 years but the supervisor of the arrangement, usually an Insolvency Practitioner, can extend the term to 6 years and more rarely 7 years.

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Posted by Chris Wrenshall at 9:30 AM

If you are in an Individual Voluntary Arrangement (IVA) and you want to start working for yourself there is nothing that prohibits you from doing so, but there are some points that the debt specialists at myIVA-Adviser.com would like you to be aware of.

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Posted by Chris Wrenshall at 4:23 PM

Two of the largest debt advice companies in the UK are feeling the effects of the tightening restrictions that creditors are placing on Individual Voluntary Arrangements (IVAs).

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Posted by Iain Wrenshall at 1:29 PM

An Individual Voluntary Arrangement (IVA) is a private arrangement between you and your creditors so there should be no need for your family or partner to find out. The only exceptions to this is if you are buying a property jointly, or if you have shared or joint debts.

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Posted by Chris Wrenshall at 9:49 PM

The question as to whether an Individual Voluntary Arrangement (IVA) is appropriate or not, is always a difficult one and has to be carefully considered, it needs to be balanced against many factors.

By the time someone is considering the possibility of an Individual Voluntary Arrangement (IVA) most alternatives will have been looked at.

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Posted by Chris Wrenshall at 9:46 AM

When in debt, and you are in either an Individual Voluntary Arrangement or a Debt Management Plan, its natural to dream of a large windfall payment to clear your debt.

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Posted by Chris Wrenshall at 6:31 PM

For many reasons this is one of the more frequently asked questions of Individual Voluntary Arrangement advisers, and the answer is usually no.

It is, however, understandable that people considering an Individual Voluntary Arrangement would have worries about what may happen to their car, because of the consequences of having to live without it.

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Posted by Chris Wrenshall at 5:05 PM

One Off Payment Individual Voluntary Arrangements (IVAs) are an excellent way to clear a serious debt problem when you only have sufficient available funds to clear a proportion of the money you owe, and when a normal 5 year Individual Voluntary Arrangement (IVA) is beyond your reach.

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Posted by Iain Wrenshall at 10:03 AM

Technically, Individual Voluntary Arrangements (IVAs) are available to anyone with any level of debt, but because of the large numbers of people in financial difficulty, creditors have imposed certain qualifying criteria in an attempt to keep the volume of Individual Voluntary Arrangement - IVA applicants low.

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Posted by Chris Wrenshall at 2:49 PM

For those people who are considering an Individual Voluntary Arrangement, also referred to as an IVA, as a solution to a serious debt problem, there is a likelihood that they will hear the term 'IVA Nominee' whilst they are researching Individual Voluntary Arrangement (IVA) facts.

Here is a brief explanation of what an IVA Nominee's role is within the Individual Voluntary Arrangement (IVA) process.

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Posted by Iain Wrenshall at 4:37 PM

For those people who are considering an Individual Voluntary Arrangement (IVA) as a solution to a serious debt problem, there is the possibility that they will hear the term 'IVA Supervisor' whilst they are researching the Individual Voluntary Arrangement (IVA) facts.

Here is a brief explanation of what an IVA Supervisor's role is within the Individual Voluntary Arrangement (IVA) process.

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Posted by Iain Wrenshall at 5:58 PM

When an IVA creditors meeting has been convened, what is the role of the Chairperson?

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Posted by Iain Wrenshall at 8:46 PM

For those people who have come across the term 'IVA Variation Meeting', here is a brief explanation of how a variation meeting may be required within an Individual Voluntary Arrangement (IVA).

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Posted by Iain Wrenshall at 6:55 PM

Anyone who has looked into an IVA, individual voluntary arrangement, as a solution to their debt problem, may have heard mention of 'The IVA Drafter'.

For those that are wondering what an IVA Drafter does, the team here at myIVA-Adviser.com has decided to give you a brief description, to help you become more familiar with the IVA process.

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Posted by Iain Wrenshall at 4:46 PM

When exploring the Individual Voluntary Arrangement (IVA) option to your debt problems, you will hear the words 'Insolvency Practitioner' throughout the process.

Here is a brief explanation of what role an Insolvency Practitioner, or I.P., takes within the Individual Voluntary Arrangement (IVA) process.

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Posted by Iain Wrenshall at 11:10 AM

For those people who are experiencing serious debt problems, and are considering entering into an Individual Voluntary Arrangement (IVA), then myIVA-Adviser.com can help.

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Posted by Iain Wrenshall at 3:29 PM

One of many concerns for people who are considering entering into an Individual Voluntary Arrangement (IVA), is the impact the Individual Voluntary Arrangement (IVA) will have on their Credit Rating.

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Posted by Iain Wrenshall at 10:11 AM

If you have a serious debt problem, and are looking at your available options, the chances are you have looked into getting a consolidation loan.

But there are some situations where an Individual Voluntary Arrangement (IVA) would be a more suitable solution.

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Posted by Iain Wrenshall at 11:48 PM

Under what circumstances would an Individual Voluntary Arrangement (IVA) be suggested as the most appropriate debt solution, when a consolidation loan is also a possibility ?

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Posted by Iain Wrenshall at 8:15 PM

When someone is experiencing serious financial problems finding good, clear advice from professional debt counsellors can be a tricky prospect.

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Posted by Iain Wrenshall at 12:46 PM

I think it's fair to say that people react differently to a crisis.

It sometimes may seem easier to bury your head in the sand and hope the problem will go away, but in most cases the problem is likely to get worse, and this is certainly the case with financial troubles.

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Posted by Iain Wrenshall at 3:47 PM

A concern for some people considering an Individual Voluntary Arrangement (IVA) is, 'How private is the arrangement ?'.

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Posted by Iain Wrenshall at 9:32 AM

To help people who are searching for up to date information on IVAs, myIVA-Adviser.com offer a 'Quick Contact' opportunity.

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Posted by Iain Wrenshall at 11:43 PM

If you are considering an Individual Voluntary Arrangement (IVA) as the best solution to your debt problem, why not take a look at our powerful IVA calculator, 'The Debt Detective'.

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Posted by Iain Wrenshall at 8:18 PM

If you are searching for free to access advice on all aspects of an IVA, look no further.

www.myIVA-Adviser.com offers the full range of IVA services that you could possibly ever need - for free.

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Posted by Iain Wrenshall at 2:26 PM

When an IVA has been agreed at the Creditors Meeting the IVA becomes a legally binding agreement.

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Posted by Iain Wrenshall at 12:08 PM

There is a possibility that a person who is going to propose an Individual Voluntary Arrangement (IVA) to their creditors will need to open a new bank account, and normally, the sooner the better.

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Posted by Iain Wrenshall at 10:52 AM

MyIVA-Adviser.com has recently added another great tool to its website.

"Live Helper" is an interactive debt counselling service, available to all visitors to myIVA-Adviser.com

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Posted by Iain Wrenshall at 4:14 PM

Not everyone who wants to use an Individual Voluntary Arrangement (IVA) as a debt solution will be able to do so.

There are strict conditions that must be met before a person with serious financial troubles can apply for an Individual Voluntary Arrangement (IVA).

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Posted by Iain Wrenshall at 8:59 PM

Individual Voluntary Arrangement (IVA) offer people with serious financial problems an opportunity to become debt free, through a structured repayment plan that is realistic and affordable.

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Posted by Iain Wrenshall at 12:33 PM

Should you be looking for information about Individual Voluntary Arrangements (IVAs), you will regularly see references to the term 'IVA Proposal', and, because our mission here at myIVA-Adviser.com is to keep you as informed as possible, we thought we should give you a clearer idea of what an 'IVA Proposal' is.

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Posted by Iain Wrenshall at 6:59 PM

When a person has decided that an Individual Voluntary Arrangement (IVA) is their preferred option to solve their debt problem, they will instruct an Insolvency Practitioner (IP) to assist them in preparing their Individual Voluntary Arrangement (IVA) proposal.

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Posted by Iain Wrenshall at 10:25 AM

To apply for an Individual Voluntary Arrangement (IVA), a person needs to approach their creditors, through an Insolvency Practitioner, with an offer of repayment which, based on their personal circumstances, is the best offer they can afford to make.

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Posted by Iain Wrenshall at 6:13 PM

People who are suffering with severe financial problems generally have three 'debt solution' options available to choose from, to assist them in becoming debt free.

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Posted by Iain Wrenshall at 6:35 PM

Sometimes a payment problem may occur during the term of your Individual Voluntary Arrangement (IVA).

What action can you take to minimise the damage this payment problem may cause?

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Posted by Iain Wrenshall at 8:54 PM

It can be a difficult decision to make, when facing financial difficulties, as to when things are out of your control and you should search for help.

So, if you believe an Individual Voluntary Arrangement (IVA) may be a solution, when should you ask for help?

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Posted by Iain Wrenshall at 11:58 AM

Once a person in financial difficulties has decided on using an Individual Voluntary Arrangement (IVA) as their preferred solution to their debt problem, it is not unusual for them to experience doubts about the Individual Voluntary Arrangement (IVA) process, and how the Individual Voluntary Arrangement (IVA) is likely to be received by their creditors.

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Posted by Iain Wrenshall at 3:31 PM

For some people, the thought of friends or family finding out about their financial difficulties causes great concern.

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Posted by Iain Wrenshall at 6:00 PM

Deciding on whether an Individual Voluntary Arrangement (IVA) is the correct solution for you is a difficult decision, made all the more difficult when faced with Individual Voluntary Arrangement (IVA) companies offering misinformation as headline news to gain your interest.

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Posted by Iain Wrenshall at 8:46 PM

Living within the cycle of debt is a frustrating experience. Each month comes to its end and you need to turn to your credit cards to bridge the gap in your finances.

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Posted by Iain Wrenshall at 8:05 PM

The Government have released record Insolvency figures for the 3rd quarter of 2006.

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Posted by Iain Wrenshall at 5:06 PM

The first question that enters anyone's mind when considering an Individual Voluntary Arrangement is: "How much will I have to pay towards my IVA ?"

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Posted by Iain Wrenshall at 4:33 PM

Many people who enter into Individual Voluntary Arrangements (IVAs) will at first find it difficult to cope with the idea of not having the 'comfort' of being able to use credit on the occasions when their money runs out at the end of the month.

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Posted by Iain Wrenshall at 2:51 PM

When trying to establish which debt solution is the most suitable available to you, it makes sense to examine all the advantages and disadvantages of each solution.

It should be no different with an Individual Voluntary Arrangement (IVA).

So what are the advantages and disadvantages or Pros and Cons of an Individual Voluntary Arrangement (IVA)?

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Posted by Iain Wrenshall at 10:59 AM

An Individual Voluntary Arrangement (IVA) carries significant Pros, or advantages, for the debtor who is struggling with a serious debt problem.

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Posted by Iain Wrenshall at 8:23 PM

Individual Voluntary Arrangement (IVA) specialists at myIVA-Adviser.com form part of a small but growing team dedicated to helping people solve their debt problems through an Individual Voluntary Arrangement (IVA).

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Posted by Iain Wrenshall at 7:39 PM

Individual Voluntary Arrangement (IVA) are full of advantages for the debtor.

However, an Individual Voluntary Arrangement (IVA) does have its Cons or disadvantages.

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Posted by Iain Wrenshall at 7:34 PM

Getting correct advice is essential to making the right decision when considering an Individual Voluntary Arrangement (IVA). As obvious as it may seem the quality of the IVA advice given will depend on the quality of the Individual Voluntary Arrangement (IVA) adviser giving it.

In an ever increasingly competitive market place, finding an Individual Voluntary Arrangement (IVA) adviser with a thorough knowledge of the Individual Voluntary Arrangement (IVA) subject and an ability to pass on their knowledge, is getting more and more difficult.

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Posted by Iain Wrenshall at 8:38 PM

To help you decide which of the debt solutions you prefer, here are the main Pros and Cons of each choice.

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Posted by Iain Wrenshall at 1:58 PM

The crucial decision.

Do you make your repayment plan Formal by using an Individual Voluntary Arrangement, or Informal by using a Debt Management Programme ?

Your personal circumstances will have a major bearing on the outcome of this decision, because each solution, be it an Individual Voluntary Arrangement (IVA) or a Debt Management Programme, has its Pros and Cons.

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Posted by Iain Wrenshall at 10:40 AM

For those people that live in Northern Ireland, and are struggling with financial difficulties, the Individual Voluntary Arrangement (IVA) still remains a possibility.

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Posted by Iain Wrenshall at 10:01 PM

When searching for debt solutions, it pays to do your homework and find out how the rules for each debt solution, either an Individual Voluntary Arrangement (IVA) or a Debt Management Programme, will impact on your circumstances.

There are plenty of different sources of information available, but it can become very confusing, very quickly.

What you need are the rules in a nutshell.

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Posted by Iain Wrenshall at 4:25 PM

Being self-employed is one of the most rewarding experiences a person can have. There is nothing quite so satisfying as creating a profitable business, and facing the day to day challenges that come with it.

But the financial pressures of being self-employed can be extreme, and when circumstances conspire against you, it can be all too easy to find yourself facing a financial black hole.

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Posted by Iain Wrenshall at 10:47 PM

Individual Voluntary Arrangements (IVAs) are designed to assist any person struggling with an overwhelming debt problem.

But what happens when one of the debts is owed to the Student Loan Company?

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Posted by Iain Wrenshall at 11:19 PM

An IVA forms part of the 1986 Insolvency Act, which is a part of UK legislation.

An IVA allows someone who is heavily burdened with personal unsecured debts an opportunity to propose a new and affordable agreement with their creditors, without the need to declare bankruptcy.

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Posted by Iain Wrenshall at 6:20 PM

The option of an Individual Voluntary Arrangement (IVA) allows someone with a serious financial problem become debt free whilst avoiding bankruptcy. But can two people that share a serious amount of debt, but have only limited resources between them, use an Individual Voluntary Arrangement (IVA) to become debt free?

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Posted by Iain Wrenshall at 5:16 PM

The answer to this question will be based on the personal circumstances of each case.

Certain situations will clearly suit an Individual Voluntary Arrangement (IVA) over a Debt Management Programme, based on one of the many reasons that make the Individual Voluntary Arrangement (IVA) such a good debt solution, for instance the possible debt write off, or fixed time of the repayments, but other debtor circumstances will favour the Debt Management Programme category.

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Posted by Iain Wrenshall at 11:47 PM

With the ever growing personal debt mountain in the U.K. passing through the £1 trillion ceiling, more and more people are searching for a way out from beneath crippling personal debts.
One debt solution that has come to the fore recently is the Individual Voluntary Arrangement (IVA). But with its debt write-offs and fixed term, is it the perfect debt solution that people are searching for?

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Posted by Iain Wrenshall at 9:11 PM

For Immediate Individual Voluntary Arrangement (IVA) advice contact myIVA-Adviser.com, the IVA Specialists.

Individual Voluntary Arrangement (IVA) advice is readily available at many locations throughout the internet and sourcing this Individual Voluntary Arrangement (IVA) advice is straight forward using any of the main "search engines".

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Posted by Iain Wrenshall at 1:54 PM

An Individual Voluntary Arrangement (IVA) is a legally binding agreement that assists someone with an overwhelming debt problem to become debt free.

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Posted by Iain Wrenshall at 8:55 PM

Not All Individual Voluntary Arrangements (IVAs) last 5 years.

It is possible to arrange an Individual Voluntary Arrangement (IVA) that begins and ends with only one payment being made.

This is sometimes referred to as a "Lump Sum" Individual Voluntary Arrangement (IVA).

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Posted by Iain Wrenshall at 8:36 PM

Not knowing whether you can apply for an Individual Voluntary Arrangement (IVA) could be all that's between you and financial freedom.

The answer to whether you can apply for an Individual Voluntary Arrangement (IVA) is quite straight forward.

If you can answer YES to the following questions, then you can apply for an Individual Voluntary Arrangement (IVA) is an option to your debt problem:

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Posted by Iain Wrenshall at 8:52 PM

A County Court Judgement (CCJ) debt can be included in an Individual Voluntary Arrangement.

The ethic of fair treatment for all unsecured creditors that surrounds an Individual Voluntary Arrangement insists that no one creditor should be given priority over another, even when that priority is a CCJ.

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Posted by Iain Wrenshall at 6:16 PM

"Who pays the bill or fees for an Individual Voluntary Arrangement ?" is a very natural question to ask oneself, especially if you are considering using the Individual Voluntary Arrangement process to become debt free.

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Posted by Iain Wrenshall at 1:20 PM

Firstly, get your credit file here

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Posted by Iain Wrenshall at 4:57 AM

This is one of the most important questions facing people with a serious debt problem and, to be honest, it can be an extremely difficult question to answer.

Often people who are in this situation believe that Bankruptcy is their only option, and are often unaware that an Individual Voluntary Arrangement even exists, as a viable alternative to Bankruptcy.

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Posted by Iain Wrenshall at 5:25 PM

Individual Voluntary Arrangements are administered by Insolvency Practitioners (I.P.s), and there are many based all over the country. As in all walks of life though, some are better than others, so finding a reputable Insolvency Practitioner when you need one is not always straight forward.

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Posted by Iain Wrenshall at 11:38 AM

The way that an Individual Voluntary Arrangement affects the equity in a family home can have a serious impact on the decision as to whether an Individual Voluntary Arrangement is a realistic solution for people with serious debt problems.

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Posted by Iain Wrenshall at 8:45 AM

An IVA Calculator is a useful tool to help someone establish whether an Individual Voluntary Arrangement is a suitable solution to any particular debt problem.

There are several choices of IVA Calculator available online, but most are unable to give an accurate analysis of your debt situation, due to them having very limited capabilities.

And this is where the Calculator problems begin.

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Posted by Iain Wrenshall at 4:43 PM

Do I choose an Individual Voluntary Arrangement over a Loan?

This is a question we are asked many times here at myIVA-Adviser.com by people looking for ways out of debt.

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